Properties / 2701 PALOMINO Trail
VA ASSUMABLERate: 3.96%

2701 PALOMINO Trail

$379,500
Overgaard, AZ 85933
2 beds2 baths946 sqftSingle Family
The assumable advantage
3.96%
VA assumed rate
$49,790 interest already paid off
Estimated Loan Balance$123,629
Cash to close$255,871
Est. Monthly PITI$988
Initial Loan Amount$151,851
Time on site8 days
Remaining Term21 years
Seller's equity (what you pay)
$255,871
Cash or secondary financing
Monthly savings
$1,515
Versus today's market rate
Est. savings per year
$18K
Versus today's market rate

About this home

Charming & Very Well-Maintained 2-Bedroom, 2-Bath Mountain Retreat! Well-maintained and inviting, this 2-bedroom, 2-bath home offers comfortable living with plenty of character and outdoor appeal. The partially fenced, landscaped yard features a concrete walkway, creating a welcoming entrance. Home Features: 2 Bedrooms | 2 Bathrooms Partially fenced, landscaped yard Concrete walkway Large covered deck -- perfect for relaxing or entertaining Nice-sized outdoor patio Living room with built-in shelving Beautiful stone fireplace Convenient bar area Tongue-and-groove (T&G) ceiling in the living room Beautiful wood breakfast bar Stone countertops Electric range with convection oven & built-in air fryer feature A wonderful blend of comfort, character, and outdoor living-- perfect as a full-time residence, vacation getaway, or mountain retreat!

How assumption works for this home

Can I assume this VA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.

How much cash do I actually need?

You need to cover the seller's equity of $255,871. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

Yes — VA assumptions can be used for investment properties. You can rent this home out.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms2
Bathrooms2
Square feet946
Property typeSingle Family
MLS #7074845
CountyMaricopa County
Assumable loanVA
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Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
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Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$723/mo
Source est. payment (PITI)
$988/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$255,871

Asking price minus remaining loan balance. Closing costs are additional.

$0$255,871
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.